The price at which a currency subject to exchange control is traded on the black market (black-market: a form of economic activity that takes place outside of government-sanctioned channels). – See exchange rate surveillance, forced exchange rate, forced exchange.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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